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Apple (AAPL) has unveiled a beta version of its new operating system for developers to test its new Apple Intelligence features. While still in development, the contact number showcases AI capabilities including priority electronic mail summarization, advanced photo search, and AI-powered writing tools. Meanwhile, Meta Platforms (META) has launched its open-source AI model, Llama 3.1, … Read more
A number of Big Tech earnings will be released this week including Microsoft (MSFT) and Amazon (AMZN) giving more insight into the sector as it is facing a bit of a rotation from investors moving into small caps (^RUT). What is helping this rotation and is it just a short term movement? Liz Young Thomas … Read more
home loan rates have risen slightly over the last week as the average rate on the 30-year fixed home loan ticked up to 6.78% Zillow Home Loans senior economist Orphe Divounguy joins Wealth! to discuss how high rates are weighing on buyers and if an debt charge rate cut from the Federal Reserve could alleviate … Read more
Chip shares continue their sector-wide slide, following a tech sell-off triggered by disappointing reports from some Magnificent 7 companies. Moor Insights & plan founder, top executive, and chief analyst Patrick Moorhead joins Morning Brief to discuss the semiconductor field’s current state. Moorhead observes that due to the chip sector’s strong momentum over the past year, … Read more
Microsoft (MSFT) released a new Surface laptop powered by Qualcomm’s (QCOM) new AI chip. The laptop allows users to interface with new AI features that can help with a myriad of needs. Yahoo money management tech editor Dan Howley joins Wealth! to give insights into Microsoft’s fresh line of AI laptops and what it has … Read more
Google (GOOG, GOOGL) has backtracked on its pledge to eliminate third-party cookies — how web browsers and websites “track” users for advertising — on its Chrome browser after receiving pushback from advertisers. Dan Howley joins Wealth! to break down the move and why cookies are so important to advertisers. Google’s parent Alphabet reported second quarter … Read more
The S&P Global Composite PMI (Purchasing Managers’ Index) preliminary print for July came out higher than expected at 55, with manufacturing PMI falling to 49.5 and services PMI rising to 56. This new piece of economic data, relatively in line with expectations, shows more signs that inflation may be on the path to the 2% … Read more
Oil prices (BZ=F, CL=F) break out of their three-day losing streak Wednesday morning due to falling US crude supply. Truist Securities energy research managing director Neal Dingmann joins Morning Brief to discuss the movements in oil prices and what they could look edging closer to the presidential election in November. “At least for the remainder … Read more
US Equities (^GSPC, ^DJI, ^IXIC) are still trading at record heights despite uncertainty from geopolitical conflicts and the presidential election between former President Donald Trump and Vice President Kamala Harris. Tech giants like Nvidia (NVDA) and Amazon (AMZN) continue to lead while small-cap shares have also been on a tear as investors position for a … Read more
The US House Transportation and Infrastructure Committee will hold a hearing about railroad safety and the lessons from last year’s Norfolk Southern derailment in East Palestine, Ohio. Witnesses: Jeff Sloan, Senior Director for Regulatory and Scientific Affairs, American Chemistry Council; David Arouca, National Legislative Director, Transportation Communications Union; Gregory Hynes, National Legislative Director, International Association … Read more